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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, July 1; not e a r l i e r . B-SOl Federal Reserve Board June 30, 1932. CONDITION OF FEDERAL RESERVE BANKS The d a i l y average volume of Federal reserve "bank c r e d i t outstanding during the week ending June 29, as reported by the Federal reserve banks, was i i ' l i L ' S S ' 821 l n c r e a s e o f $59,000,000 compared with the preceding week and of $1,400,000,000,compared with the corresponding week i n 1931. res nf ® r v e b a n k c r e 4 i t amounted to $2,346,000,000, an increase W *ikh nAn nAn ? * increase corresponds with an increase of $5144,000,000 i n money i n c i r c u l a t i o n , o f f s e t i n part by decreases of $32,000,000 m member bank reserve b a l a n c e s , and $9,000,000 i n unexpended c a p i t a l funds, nonw I? n S ° m n S ' e t C l V a n d i n " e a s e s of $41,000,000 in Treasury currency, adjusted, ana $3,00 .,,000 in monetary gold stock, • Holdings of discounted b i l l s increased $6,000,000 at the Federal Reserve Bank <fcl/mn nnn' f 1 * < * e c r ® a s e d $13,000,000 at San Francisco, $5,000,000 a t Atlanta and $18,000,000 at a l l Federal reserve banks. The System's h o l d i n g s of b i l l s bought in open market increased $10,000,000, of United S t a t e s Treasury n o t e s $43,000,000, l l m n T c e r t i f i c a t e s and b i l l s $22,000,000, and of United S t a t e s bonds ipO ,UUU,0u0e . Changes in the amount of reserve bank c r e d i t outstanding and i n r e l a t e d items during the week and the year ending June 29, I932, were as f o l l o w s : Increase or decrease since June 29 1932 June 22 19)2 July 1 1931 (In m i l l i o n s of d o l l a r s ) Bills Bills U". S. Other discounted bought IG-ovcrnnent ' s e c u r i t i e s reserve bank c r e d i t 470 64 1,801 11 - 18 + 320 + 10 + 71 5 39 +1,138 - 22 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,346 3,-920 1,811 + 58 + 3 + 4i +1,396 -1,036 Money in c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 5,649 2,034 394 + 144 32 9 + 808 - 355 - + - 46 47 Released f o r p u b l i c a t i o n Friday morning, July 1,1932; not earlier. B-SOla RESOURCES Aim LIABILITIES OF THE TWELVE FEDERAL RESERVE BATES C0M3IOTD ( i n thousands of d o l l a r s ) Juno 29,1932 June 22,1932 July 1, 1931 1,915,617 59,795 1,599,307 52,156 1,,933,564 30,167 1,978,415 1,,963,731 265,672 335»287 1,951,493 270,216 340,505 2,579,374 202,567 2,562,517 203,516 3i,412,041 167,257 2,7o'l,94l 69,975 2,766,033 72,070 3,,579,293 65,011 . IS2,693 ? ; '7,135 196,563 291,643 46,395 103,805 Total b i l l s discounted . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds Treasury n o t e s C e r t i f i c a t e s and b i l l s 4o9,o25 63,519 458,206 150,200 103,341 4x4,532 267,953 1,095,4^6 429,185 224,57b 1,075,5)10 188,195 60,741 4:4,263 Total U.S.Government s e c u r i t i e s 1 £ 0 0 , 9 7 1 Other s e c u r i t i e s 5,944 1,729,701 5,716 663,399 10,601 RESOURCES Gold with Federal r e s e r v e a g e n t s . . . . Gold redemption fund with U.S.Treasury . Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold settlement fund with F. R. Board . Gold and g o l d c e r t i f i c a t e s h e l d by bnnlcs Total KOId r e s e r v e s Reserves other than g o l d Total r e s e r v e s . . . Non-reserve cash B i l l s discounted: Sec. by U . S . Government o b l i g a t i o n s Other b i l l s discounted 1—I r— •ifj OJ 2,340,262 3,655 14,768 325,552 55,055 45,205 Kr Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks F. R. n o t e s of other banks U n c o l l e c t e d items , . Bank premises A l l other r e s o u r c e s 53,715 3,64s 13,601 *354,342 58,082 43,03b 514,492 933,515 927,5^1 1,426 14.942 537,070 55,733 2d,425 5,642,44] *5,588,153 5,,206,49b F. R. n o t e s i n a c t u a l c i r c u l a t i o n . . . Deposits: Member bank - r e s e r v e account . . . . Government . . . . . Foreign bank Other d e p o s i t s 2,755,564 2,615,932 1,,733,396 2,033,697 25,331 5,396 3^*937 2,066,092 54,351 17,556 34,893 2,359,211 41,182 35,625 34,830 Total d e p o s i t s . . . . Deferred a v a i l a b i l i t y items Capital p a i d i n Surplus A l l other l i a b i l i t i e s 2,107,361 326,315 154,516 259,421 30,163 2,172,892 *347,596 2,500,848 37,506 511,315 168,170 274,636 12,631 5,642,443 *5,555,153 5,206,496 TOTAL RESOURCES L I A B I L I T I E S TOTAL LIABILITIES 154,806 259,421 Ratio of t o t a l r e s e r v e s to d e p o s i t and F. R. note l i a b i l i t i e s combined . . . 57.2$ 57.5$ 54.4$ Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 98,163 101,465 335,33*4 •Revised. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BA1ZS OH JUKE 29, 1932 (In thousands of d o l l a r s ) B-801b Total Boston New York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans. Cy. Dallas San Fran. Gold with Federal reserve agents 1,913,617 164,127 415,572 147,200 173,970 45,700 56,50° 600,595 57,570 33,105 46,630 28,235 143,763 Gold redemption fund with U.S.Treasury 59,793 2.162 13,856 6,276 6,245 2,372 3 , 6 l 4 10,190 2,304 2,113 2,534 914 7,213 Gold held e x c l u s i v e l y against F . R. n o t e s 1,973,415 166,259 429,423 153,476 1 5 0 , 2 1 5 43,072 60,114 610,755 59,874 4 0 , 2 2 3 49,214 29,749 150,976 Gold settlement fund VRITH F . R . Board 4,254 265,672 9,436 3,021 25,354 72,342 5,296 73,072 10,667 6,697 31,936 9,990 13,547 Gold and gold c e r t i f . held by tanks 203,644 10,145 17,962 4,163 18,983 5,276 3 9 , 2 0 4 6,502 335,237 16,022 3,125 11,063 5,133 Total gold reserves 705,414 166,642 223,561 53,355 73,686 714,061 75,674 53,335 73,524 4o,6l4 201,895 2,579,374 191,307 Reserves other than gold 202,567 20,541 6,471 9,615 9,464 52,345 30,953 15,230 11,063 9,347 3,764 5,932 24,337 Total reserves 2,731,941 212,343 757,759 197,595 241,791 69,926 79,615 735,395 35,521 57,102 30,295 50,229 211,359 Fon-reserve cash 2,l4l 2,110 17,631 3,114 3,661 ' 5,699 5,452 3,352 3,671 69,975 3,565 5,359 14,190 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 132,693 11,936 66,450 23,163 13,466 1,017 1,501 5,429 1,297 29,159 5,772 10,973 7,450 42,226 44,379 25,204 20,462 22,032 2 3 , M Other b i l l s discounted 237,135 15,712 4,512 9,233 13,302 10,336 51,071 Total b i l l s discounted 469,323 27,695 103,676 67,542 43,670 25,591 27,504 34,034 11,962 10,305 20,303 11,633 30,260 B i l l s bought in open market 3,4l6 11,539 6,232 2,033 20,255 63,519 4,352 3,232 1,005 632 591 5,349 930 U. S. Government s e c u r i t i e s : Bonds 1134,454 29,966 39,450 434,532 20,527 9,736 11,901 60, SA6 13,257 16,355 11,357 14,047 22,026 Treasury notes 14,930 20,010 5,500 7,004 267,933 8,030 50,362 26,433 3,049 16,593 96,053 7,334 9,635 C e r t i f i c a t e s and b i l l s 1,093,456 71,222 414,033 32,022 103,647 30,063 32,913 176,122 39,493 2 8 , 5 5 4 34,559 12,500 6 0 , 0 2 3 Total U.S.Govt, s e c u r i t i e s 1 , 3 0 0 , 9 7 1 106,729 694,545 131,995 174,560 47,133 5 2 , 5 4 4 2 8 7 , 3 5 0 62,415 52,413 54,716 29,596 106,642 Other s e c u r i t i e s 5,944 4,292 1,623 29 Total b i l l s and s e c u r i t i e s 2,340,262 135,779 319,102 204,575 224,462 52,731 341,722 75,352 63,379 75,910 42,159 195,751 76,306 Due from f o r e i g n banks io4 1,251 4oo 143 20 12 107 521 256 3,655 295 374 137 F . R. notes of other banks 14,76s , 590 251 1,212 2,054 1,245 4,639 722 516 321 1,592 943 353 Uncollected items 55,026 23,529 32,324 25,745 5,112 328,552 43,537 3,115 35,344 1 2 , 1 6 4 17,272 9,29b 1 6 , 5 5 5 Bank premises 1 4 , 5 1 7 53,035 2,574 3 , 6 1 2 2,439 1 , 8 3 4 3,336 7,966 3,461 3,649 1,787 7,327 4,433 A l l other resources 1,888 45,205 1,218 1,494 782 1 . 3 3 9 1,119 24,979 2,565 L , 4 4 O 3,532 3,634. 915 RESOURCES TOTAL RESOURCES 5,642,443 405,933 1,723,234 433,194 512,764 134,199 132,3053,145,121 132,371 134,590 181,143 108,735 436,794 F.R.notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Foreign bank Other d e p o s i t s RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS Oil -JUKE 29, I932 (In thousands of d o l l a r s ) / Total Boston tfew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis 2,755,864 198,023 578,664 249,250 287,301 87,044 111,376 721,335 92,666 B-gOlc Minn. Kans.Cy. Dallas San Fran. 75,107 82,695 35,^66 2 3 6 , 3 3 7 2,033,697 129,447 28,331 1,233 39,701 68,136 47,747 145,830 965 - 126 232 573 8,396 36,937 871,743 114,524 i 4 i , 6 6 4 631 146 50,331 17,078 729 2,780 3,172 2,802 22,855 855 73 838 3,156 332 83 44,241 320,808 176 849 307 1,112 4o6 3,800 59,525 137 290 742 951 183 206 Total d e p o s i t s 2,107,361 131,457 914,478 116,181 148,438 53,918 45,130 326,569 60,694 4 l , o 4 i Deferred a v a i l a b i l i t y items 326,818 43,697 87,175 27,006 31,828 25,281 8,271 37,978 13,639 7,541 Capital p a i d i n 154,816 11,518 59,185 16,243 14,266 5,219 4,875 17,322 4,478 2,923 Surplus 259,421 20,039 75,077 26,4S6 27,640 11,483 10,449 38,411 10,025 6,356 A l l other l i a b i l i t i e s 38,163 1.254 13,655 2,428 3.291 1,254 2,704 4,506 1.369 1.622 TOTAL LIABILITIES 5,642,443 405,988 1,728,234 438,194 512,764 134,199 1 8 2 , 8 0 5 ^ 4 6 , 1 2 1 182,871 134,590 Reserve r a t i o (per cent) 64.4 5i.t 50.7 54.0 5d.'D 49.6 50.9 70.5 55.8 49.2 Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 98,163 7,769 29,263 10,529 10,325 4,089 3,782 13,698 2,249 3,578 FEDERAL RESERVE FOT! STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.Agent 2,990,511 214,4o6 643,776 259,666 296,881 92,366 129,382 775,511 100,514 77,776 Held by Federal reserve bank 234,647 16,383 65,112 9,816 9,580 5,322 IS,006 54,176 7,848 2,669 In actual c i r c u l a t i o n 2,755,864 198,023 578,664 249,850 287,301 87,044 111,376 721,335 92,666 75.107 C o l l a t e r a l held by agent as s e c u r i t y f o r n o t e s issued to bank Gold and gold c e r t i f i c a t e s 946,502 47,010 355,572 73,920 71,970 13,220 13,500 228,395 20,770 12,805 Gold fund - F. R. Board 972,115 117,117 60,000 73,280 102,000 32,480 43,000 372,200 36,800 25,300 E l i g i b l e paper 489,285 29,554 107,439 67,506 46,64o 27,867 28,225 49,944 10,983 9,820 U. S. Gov't, s e c u r i t i e s 606.700 21.400 132,000 45,000 80.000 19,000 45,000 130.500 32,000 30,300 Total c o l l a t e r a l 3,014,602 215,081 655,011 259,706 300,610 92,567 129,725 781,039 100,553 78,225 MATURITY DISTRIBUTION OF BILLS Aim SHORT TERM SECURITIES B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s and b i l l s Municipal warrants To t a l Within 15 days 469,828 326,127 29,o4i 63,519 1,093,456 5,944 65,287 4,493 16 to 30 days 31 to 60 days 61 to 90 da^e S \ 135 24i 95 68,607 16,781 273 49,217 151,631 9,891 3,936 4,069 7,624 17,707 872 2,601 2.607 1 8 1 , i 4 s 10s]735 436,794 53.1 59.3 2,862 2,965 82^695 35,*466 236,'337 5,354 33,201 9,880 13,460 86,000 36,800 19,938 15,375 11,603 57,763 79,766 90,61s 40,938 270,529 24,000 500 47,000 Over 6 months 23,188 13 782 83,625 191,749 293,313 91,011 373,471 ' 45 7,054 40„820 269,538 36,725 28,975 - 54.5 89,875 7,180 51,548 2,945 19 17,730 10,782 8,124 31,458 2,545 1,387 5.102
@FedFRASER